jp morgan

JP Morgan Chase agreed to pay a record $13 billion in fines and compensation to investors and struggling homeowners. The nation’s largest bank admitted it misrepresented mortgage-backed securities that collapsed in 2008. Gwen Ifill gets reaction from Lynn Stout of Cornell University and banking consultant Bert Ely. Continue reading →

JP Morgan Chase is close to striking a reported $13 billion settlement with the government over the sale of troubled mortgage securities. Gwen Ifill talks to Dennis Kelleher of Better Markets and Bert Ely, a banking consultant, for reaction on the penalty and how the government is seeking accountability for the 2008 crisis. Continue reading →

A tentative deal was reached yesterday between the Justice Department and JP Morgan Chase. The agreement would require chase, the nation’s largest bank, to pay a record 13-billion dollar penalty. Dawn Kopecki, a banking reporter with Bloomberg News, who has been following the Chase story for some time provides analysis. Continue reading →

In our news wrap Wednesday, JP Morgan Chase will pay $100 million in a settlement with the U.S. Futures Trading Commission after the bank’s London operation made disastrous trades that lost $6 billion. Also, Mark Cuban, billionaire owner of the NBA’s Dallas Mavericks, was acquitted on insider trading charges by a federal jury. Continue reading →

Two former J.P. Morgan traders have been charged by federal prosecutors for trying to cover up huge losses after a series of bad bets cost the bank more than $6 billion. Dawn Kopecki of Bloomberg News joins Judy Woodruff to discuss the current allegations and whether there may be greater consequences for the firm going forward. Continue reading →

JPMorgan Chase World Headquarters on Park Avenue in New York City. Photo by Timothy A. Clary/AFP/Getty Images. Paul Solman answers questions from the NewsHour audience on business and economic news here on his Making Sen$e page. Here is Tuesday’s query: … Continue reading →

Early Friday, the House and Senate reached an agreement on a set of Wall Street reforms after a marathon session. Jeffrey Brown talks to Nomi Prins, former managing director at Goldman Sachs, and Douglas Elliot, former investment banker for JPMorgan, on what the measures would and wouldn’t change on Wall Street. Continue reading →

Another blow was dealt to the ailing American finance system as Washington Mutual Bank was seized overnight by the U.S. government. By morning its assets were sold off to JPMorgan Chase. Business reporters detail the sudden and drastic move. Continue reading →